Amends Foreign Borrowing Act; expands loan powers

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Title Supreme Court: Amends Foreign Borrowing Act; expands loan powers

Law: Presidential Decree No. 150

Decision Date: Mar 13, 1973

Presidential Decree No. 150 amends the Foreign Borrowing Act in the Philippines, granting the President the authority to contract loans and enter into agreements with foreign governments and institutions to finance development projects, while also allowing for the issuance of tax-exempt bonds in the international market.

loans

credits

bilateral agreements

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